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<br /> DtED OF TRUST � p°O° 6 • �+`"� ��'��'��-`
<br /> ' � ' 12-07-1998 ' � •:'��,
<br /> � L.oen No 64586 (Continuad) _ ..,,,, , �.��
<br /> �^_ —_--_ —.� ;�,��
<br /> � � _ — . ....,�,��,
<br /> tnkinq possesslon of th�Proparty,aue for or oll�rwiso cdlacl lh�nnts,I�aues snd prolits af the Property,includinp thos�p�st due�nd �,•,,, r 3_r�_�"�
<br /> unpald,�nd�pply IF»a�m�,IKC co�ts�nd exp�nsl�of op�nHon�nd cWlectlon,includinq�Homeys'lees,to any indebtodness secured ; . %,w5r'
<br /> by thla ONd of Trust,�II In euch ordor�s Lendu m�y dNamin�. Tha ent�rinfl upon�nd tGkinp possession of Ihe Properry,th�collectlon °�;..'_, :;,�;-�-
<br /> ..s� •�.• ,..,:--
<br /> � of euch reNS,Isfues and profita,and ths�pplkation Ihoroof nh�ll not Curo or welve any defpult or notice ol default under Ihis�e�d ol Trust . ,�y�
<br /> ,.� or Invdldat�Ilny�C1 fIOM In rsspons�to euch delwlt a puhuant to suCh nol��of default; pnd, notwithstandinp ihe conlinuance In r `_��..t:�,,.
<br /> possesslon ol ths Prapxty a th�collectlon, recelpl�nd appl�alion ol nnb, issues or profits,Trustee or Lender shUl he enlitled lo '��4Y�;,,�:• -,-
<br /> exercise overy rtght provlded for In Ihe Note or the Relnted Documents or by law upon Ihe occurrence o1 any event of defeult.Includlnp the @
<br /> ,h, rpht to exKClae th�pow�r of sde; "..,x_"s_::`'4�
<br /> � � �V� (b) Commence�n action to foreClose this Qaed ai Trust as a morigape,appolN a recelver or sPeciflcally enlorce sny ol the covenYnts ��,,us���
<br /> , � hereof;and ����
<br /> ��flcS'i�;�`-�--
<br /> �""��� (c) Deliver to Trustee�wriHen deckration of de}aull and dem4nd fw s�le and a wrltten not�e of defauit and election to cause Trustor'S =-___ -
<br /> `�'"''`°"� Interest In the Propt+rty to be sold,which not�e Trust9e shall cause to be duly filed for record In lhe appropriete o�ices of the County In = _�
<br /> �, whbh the Property is located;and —
<br /> " (d) With respect to all or any part ot the PersonAl Property,Lender sha11 have ell the rigFds and remedies of a secured party under the _
<br /> ' Nebraska Unlfam Commerclal Code.
<br /> �," Fonclowre by Power of SM�. If Lender elects to foreclose by exercise of the Power of Sale hereln cont�ined,Lender shall notify Trustee and
<br /> ,ti shall cisposit with Trustee thb Deed of Trust and the Note and such receipts�nd evidence ot expendilures made and secured by this Dead of _�_
<br /> , Trust es Trustee may requlre.
<br /> ' , � (a) Upon recelpl of such notk:e trom Lender,Trustee shall cause to be recorded,published and delivered to Trusta such Notice of Default
<br /> and NoNce of Sale as ihen required by 14w end by Ihis Daed of Trust. Trustee sfull,without dertwnd on T�ustot,after suCh time as may
<br /> then be required 8y law arid atter recordation of such Notlae of Detault and alter Nolice of Sale having beeh 8iven as required by law,sell
<br /> ' ihe Property at Ihe Iime and piace oi sale Tixed by it In such Notice ot Sele,efther as a whole, or In seperate lots or percels or items es — __
<br /> '� Trustee shall deem expedient,and in such order as it may determine, at public auction to the highest bidder tor cesh In lawtul money of �
<br /> Ihe United States payable at the time of sale. Trustee shall dellver to such purcheser or purchasers ihereof its good and suHicient dead or
<br /> deeds conveying the property so sold,but wilhout eny covenant or warranty,express or Implied. The rectlals In such dead of any matters
<br /> or(ects shall be conclusive proot of the truthtulness lhereot. Any person, includiny wllhout Ilmitetion Trustor,Trustee,or Lender, may
<br /> purChase at such sale.
<br /> (b) As may be permitled by law,eRer doductiny a11 costs,fees and expenses ot Trustes and of this Trust,Includiny costs of evidence of
<br /> titk In connecdon with�ala,Trustes sh�H apply the prxeads of aN to p�Ymsnt of (I)�II sums sxpeiided under ths term�of Ihis�eed of
<br /> Tsecur d uh�r�Y„and W)�h�nrtWnWr,It�tny,to t�M'person a P�onsmllepally�nNtl�d�t�h�n o�t�nd lete ch�rp�s, (II)�II othsr sume tMn
<br /> (o) Trus1N rrN�ll�fh�rrMnnM txoNd�d by kw postpone saN of aN or any portion of th�Proparty.
<br />-'" R�m�dN�No)ExCiUWv�. Trtnt«and UndK,and�ch o}tMm,sF►�p b��ntllNd to�ntora P�Y�nt and p«famana of�ny Ind�bbdMSa ��
<br /> ...
<br /> or ob1lp�HOnf acured by tNs DMd of Trust�nd lo ex�rcis��II rlphb�nd pow�n unchr thh DNd ol Trust,undar tM Not�,und�r any of tM �,
<br /> _ -- . -- ^'''���^�'J�nh nr�inA�wnY othM�O(MrtN11f M��Y IaW�f10W 0�INfMMN Ifl IOfC�� 1101WI1hi�I�If1Q�lorn�a�N of wCh IndW flM�
<br /> _. _ ....w.. Y W�1ir� �'"' r'
<br /> antl obllpalWM Mcund by this 9Md d Trust may now or MrKM�r b�otMrwls�s�curea,wt�ii�.b mai �::��S.,L:� '-d"',..-•"•,
<br /> �ttipnrr»M or dh�wM�. NN1hM tl►�nCaplanc�d thh D»d of Tru�t nor Ib�nfaarrNnl,whNMr by court acBon a purswnt to tM Fow�r ol
<br />-•�;. pM pr p�hK ppw�ry opnfd,'Nd In IhN DMd of Trust,�h�ll pnJudla�a In�ny mann�r�thct Tru�lo�'s a Und�r'�rlpht to rMAx�upon a
<br /> �flfpfC�l�y OYhK NCU�Ity�OW Of MfNH�r hNd by TrwtM or Und�r,It bNnp�GrNd that TruitM�nd L�ndK,Rnd Nch of IMm,sh�M t»
<br />:A� .. " �nf�IW to�nlora lhb DMd ol Trtnt�nd any otMr security now or hsrMfler hs�d bY I.�nder or TrutlN In such order�nd mann�r as tMy or ��,
<br /> NtMr ol them may In tMk�bsolul�dh�.'r�HOn d�t�rmlrN. No nmsdy conlerrad upon a r�s�rwd to Trustw or Und�r,Is Inl�nd�d to b�
<br /> �xcluafw of�ny otha r�m�dy In Ihis Dwd of Trust or by I�w provldsd or pxmitted,but Mch shall be cumuleBvs�nt1 ehall b�In�ddlGOn to ��
<br />�. '. ewry othK nmedy plwn In thls Dsad of Trust or now or herwRK ucistinp�t I�w or In�qWty or by statute. Ewry powx a rsmedy ylwn by tM —
<br /> Not� or any ot ths Relal�l Oxurt»nb to Trust�s a Under or to whbh elther o} them m�y be othsrwlss �nfltlad, may b� sxxcissd,
<br />=�±+ • concurcendy or Independanny,hom Hme to time and �s oHen as msy be deemed expsdknt by Tru�tee or Lender,and eith�r of thsm rtuy
<br /> y-r�>:,. pur�w Inconsist�nt remodl►s. Nothirp in this Deed of Trust shall ba construed as prohibitinp Lender hom seokirq a d�HcNnoY l�dOrt�nt
<br />-�;t;`��� •' aQa�nst ths Trustor to the extent euch acHon le permilted by Iaw.
<br /> ' 1 ppue�t Fo�NotlC�. Truslor,on beh�lf o}Trustor�nd Lender,hereby requests that a copy of eny Nol�e ol Defaulf�nd a Copy of any Notice
<br /> ,-`,..:..� .. ..� ol Sale undsr this Deed o}Trust ba m�ikd to tham�t tFw addresses set forlh in the tirsl parapreph of thls Deed of Trust.
<br />'��,�„y'` � • Wnlv�r;El�etion of R�m�dN�. A wdver by I�ny party of a breach of a provislon o1 this Deed of Trust�hell not constitute a wdvsr of or
<br /> �' � �`�'"�' preJudlcs the party's riphts olh�rwlse to demand etr�t compliance with that provislon or eny other provislon, Elecdon by Lender to pursue any
<br />'��: q;;,• : +� remedy provided in thls Daed of Trust,the Note,in any Fielated Document,or provided by law shall not exclude pursult ot eny other remedy,
<br /> � end en election to make expenditures or to tnke sctlon to pe�fam an obllqetlon of Trustor under this Deed of Trust nRer fellure of Trustor to
<br />`, �� - pertcrm shall not attect Lendbr's rlpht to declare e defa��t and to exerc�se any ot Its remedies.
<br />_ ° AtlorMys'Fees;Expenses. If LendM Institutes ony suit or aclion to snforce any of the tarms ot this Deed ol Trust,Lender shall be enUtled to
<br /> recovor such sum�s tha court may adJudqe re4sonable ns attaneys'fees Qt trial and on any appeal. Whether or not any court aCtion Is
<br /> involved,Y�I f6lSOMbl9 OIf�flSlS If1CUrred by Lender wh�h in LYnders opinion are necessary at eny tirn�lor ths protecfion o}Its Interest or the
<br /> � enlorCOment o(Its riphts shall biCOme a part of the Indebtadness payoble on demand and shall bear interest at the Note rate hom Ihe date of
<br /> � expenditure unlil repaid. Expanses covered by this puayraph include,without Ilmltation,however subJect to�ny Ilmits undar epplk.abW law,
<br /> �.•t�- Lender's altorneYs'tees whelher or nol tMre Is�lawsult,includinp�ltorneys'lees tor bankruptcy proceedlnps pncludinp eBa1s fo modify or
<br /> �` ;' ` vacate any automal� stny or InJunclion), appeds and any �nt�ip�led post-Judgment cdlecHon services, the cost of sa�rchinq records,
<br /> � �"' p�ml ed by epplicablel awtlT�ustor aIl ouwlllrpayainy c urt coshrin a diHo°ptoia�Iliother sums providad by aw.�f�the Trust�,to the exlent -
<br />^ � plpht�O}TN�tee. Trustes sh411 have�II of the riphts end duties of Lender�s set forth In thls section. _
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The fdlowinp provislons relatinq to the powers and otzlipations of Trustee are part ot thls Oeed of =___
<br /> Q Trust —
<br /> n pow�r�of Trusta�. In addHlon to ell powers of Trustee adsiny�s e matter of law,Trusteo shill have the power to take the folluwinq�c8ons - _
<br /> InC udlnp tl►etded�aMO�n o strePsts o oWher riph�ta the publ�e(b)jdnrin prQnBnq1any s�se�nf oracreiNr q any aepsi�non on in�a Rwi aro�e�rty; ��� � —
<br /> se
<br /> s ond (c)Idn In any subordlnaHon or othar ipreorrMnt atfectinq thls Deed of Trust or lhe Interast of Lender under thls De�d o}Trust ; j;`�;----�
<br /> .�,.•.-_-,_..._
<br /> '° � Trust�e. Trustee shnll meot all quallfications required lor Trustae under applicable law. In addilion to Ihe riyhis and remedles sot torth above, r 'c_.='.,
<br /> i I with respect to al!or any part ot the Properry,the 1'ruslee sh411 hnve the ripht to foreclose by notiCe and sale,and Lender shall have ths ripht to ,;,•..��;:;«`
<br /> I foreclose by judlcial IorAClosure,in either cese In eccordance wilh and to the fuil extent provided by oppllcable law. , ;;";;-ti.,L�
<br /> -"4';,:��
<br /> I Succeaior Truate�. Lender,at Lender's option,may hom time to time appWnt a successor Trustee tu any TNStee apqolnted hereunder by an .. . ,
<br /> < i instrument executed and acknowledped by Lender and recorded In the office of the recorder of HALL Counry,Nebrsske. Tho Instrument shell ;yr .
<br /> c�.-
<br /> __ ___ � contain,In addition to all other matters^eq�lred by stete�nw+the n�a�mhs nAMp And'OddfB55 O ther succe sor t ustee,and he�nstrumen�she '
<br /> _- ._ � �.
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<br /> Ccfmp�ter SyStem reierencroj wueio u��o�oo�..� ��....••-•�--•---�-••--- -
<br /> � be executed end acknoWiedped by all the beneficiaries under the Deed of Trust or their successors in IntereSL The successor trusiee,wiinoui � :,_�-.
<br /> ew V Thls procedure fop substitutllon of tr�ustee slhall ptovern to the excluslonso}e Itolher provisions forss bstituhis�Deed of Trust and by applicable -
<br /> NOTICES TO TRUSTOR AND OTHER PARTIES. Any notiCe under thls Deed of Trust shall bo In writing, may be sent by teletecsimll0(unless • -
<br /> oiherwise required by law),and shall be eHeclive when eclually deiivered,or when deposited wilh e netioneliy recapnixed overnlqht courler,or,H
<br /> malloJ,shall be deemed efleetive when deposited In the United States mail first class,certified or reflistered mail,postape prepald,directed to the
<br /> eddrosses shown near the beqinniny of ihis Deed o�Trust. Any party may change Its eddress(or notices under this Deed ot Trust by pivinp lormal
<br /> wriHen notfce to the other parf�es,spedfy�ng thflt ih0 purpose o1 the notir,e is to chenge the parly'S address. All Cop�es o1 notiCes of foreClosure from
<br /> �
<br /> For noti�ce pucposesnTrustor agrees�ta�keeprLei deeand Trustee ntlobmed et a�l times of T ustorS's cur ent add ess�he bopinning ot this Deed ot Trust.
<br /> I '
<br /> ! MISCELLANEOUS PROVISIONS. The fdlowinp miscellaneous provislons are a part of Ihis Deed of Trust:
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